Can someone please provide some assistance with a question. Its for an MBA course. It needs to be between 350 and 450 words. What is the board's role in providing for a strong cash position? Describe how the board can best handle this situation, stopping short of meddling in management's business. Please see attached for important information to better assist me with this question. Thank you so much in advance for all your help! I appreciate it!© BrainMass Inc. brainmass.com April 4, 2020, 1:26 am ad1c9bdddf
I have given you several ideas here. It is dependent on what your class is based on, for you to decide which are the best ideas to use.
What is board's role in cash strong position?
Boards are meant to make strategic plans that help the organization maintain their positions both in terms of organizational mission and financially. To do this, the board must know and understand how the company's accounting processes are set up. The board also need to know the accounts it uses, and the values and uses of each account. The board can then make decisions that improve financial positions. Maintaining knowledge of accounts is one of the best ways to administer their jobs.
When the company's board knows the basic information about income, revenue, expenses, and cash flows, it can tailor decisions to the needs of each. They can recommend changes to areas like amount of fundraising, the types of fundraising provided, or how to improve donor contributions. ...
Ideas on how boards can influence cash positions in a nonprofit organization.